We’re excited to announce that we’re launching our newest office in Mexico City. This office, our first in the region, will be home to teams focused on building products for the most ambitious technology companies in Latin America.

Internet penetration in Latin America is growing rapidly and the region will soon have more than 500 million internet users. Latin America’s e-commerce growth is outpacing any other region of the world. By the end of 2019, the number of Latin Americans buying online is expected to reach 155 million, up more than 23% since 2016.

Stripe is already working with some of Latin America’s most innovative technology companies, including Platzi, Rappi, Cornershop, Urbvan and Parafuzo. However, we’re just at the start of our journey here. With our office in Mexico City, we’re going to hire across a wide variety of roles, including engineering. Our initial focus will be expanding and adapting Stripe’s global payments and treasury network across the region. Over time, we expect teams in Mexico to build entirely new products in order to accelerate the growth of Latin America’s internet economy.

As a software industry, we’re still in the early stages of figuring out how global technology products should be built. Geographic concentration (especially on the West Coast of the US) has been the predominant mode. Mexico has a strong engineering culture and a lot of highly-trained local talent. By hiring in Mexico City, alongside the 14 other countries Stripe is hiring in today (including our remote hub), we plan to continue to adopt a truly global development model. Our aspiration is to build a world-class team here—tightly integrated with our global engineering organization to build products for entrepreneurs and businesses in Latin America and the rest of the world.

If you’re interested in working with us to help build Stripe’s Mexico City office, please get in touch.